Guggenheim Increases Trupanion (NASDAQ:TRUP) Price Target to $36.00

Trupanion (NASDAQ:TRUP) had its price target hoisted by Guggenheim from $35.00 to $36.00 in a research report sent to investors on Monday, AnalystRatings.com reports. The firm currently has a buy rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. BidaskClub upgraded Trupanion from a sell rating to a hold rating in a report on Saturday. ValuEngine lowered Trupanion from a strong-buy rating to a buy rating in a report on Friday, August 16th. Zacks Investment Research lowered Trupanion from a hold rating to a strong sell rating in a report on Sunday, November 3rd. Royal Bank of Canada set a $38.00 price objective on Trupanion and gave the company a buy rating in a report on Wednesday, July 31st. Finally, Craig Hallum set a $20.00 price objective on Trupanion and gave the company a hold rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Trupanion has a consensus rating of Hold and a consensus target price of $34.80.

Trupanion stock traded up $1.04 during mid-day trading on Monday, reaching $34.43. 499,705 shares of the company were exchanged, compared to its average volume of 273,807. The business has a fifty day moving average of $24.91 and a 200 day moving average of $29.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $1.13 billion, a P/E ratio of -1,147.00 and a beta of 1.50. Trupanion has a 12-month low of $20.84 and a 12-month high of $37.13.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Trupanion had a negative return on equity of 2.08% and a negative net margin of 0.75%. The firm had revenue of $99.28 million during the quarter, compared to analyst estimates of $97.24 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. Sell-side analysts predict that Trupanion will post -0.07 EPS for the current year.

In related news, CEO Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $21.43, for a total value of $85,720.00. Following the completion of the transaction, the chief executive officer now owns 1,454,499 shares in the company, valued at approximately $31,169,913.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin A. Ferracone bought 10,000 shares of Trupanion stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of $31.50 per share, with a total value of $315,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 25,300 shares of company stock valued at $634,486 in the last 90 days. 13.61% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of TRUP. Bank of America Corp DE raised its stake in Trupanion by 145.2% in the 2nd quarter. Bank of America Corp DE now owns 246,337 shares of the financial services provider’s stock worth $8,902,000 after acquiring an additional 145,886 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Trupanion in the 2nd quarter worth $4,142,000. BlackRock Inc. raised its stake in Trupanion by 5.6% in the 2nd quarter. BlackRock Inc. now owns 1,898,456 shares of the financial services provider’s stock worth $68,592,000 after acquiring an additional 100,432 shares during the last quarter. Royal Bank of Canada grew its position in Trupanion by 78.9% during the 2nd quarter. Royal Bank of Canada now owns 224,553 shares of the financial services provider’s stock worth $8,114,000 after purchasing an additional 99,023 shares during the period. Finally, Great Lakes Advisors LLC grew its position in Trupanion by 101.8% during the 3rd quarter. Great Lakes Advisors LLC now owns 107,958 shares of the financial services provider’s stock worth $2,744,000 after purchasing an additional 54,455 shares during the period. Institutional investors own 93.99% of the company’s stock.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.

Recommended Story: Bond

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit